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Minnesota Real Estate CE

Complete your Minnesota real estate continuing education requirements at. Our courses are designed to help you fulfill your CE credits for your Minnesota real estate license renewal. 360training.com is an online real estate school that offers you the convenience of studying at your own pace in any location with Internet connection.

Please check the box next to the course(s) you wish to take. Then click the "Add To Cart" button to proceed with registration.

Course Title Hours Price

Course Category: Real Estate

Course Description

The objective of this course is to teach the real estate professional how he or she can help clients in buying and selling property on a tax – favorable basis.

The first two lessons of the course seek to provide a method of real estate purchase using pretax dollars and of growing the estate within a qualified product. We will discuss the application of current tax advantages of using both qualified and non – qualified tax products such as IRA’s, SEP IRA, 401k, Roth IRAs and charitable gift annuities. The use of these applications will provide the real estate professional with the opportunity to create a long standing and profitable relationship with his or her clients, as well as attracting a more sophisticated investor wishing to find an alternative to 1031 exchanges.

The final lessons of this module will explain the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the 1031 exchange for the investor, licensed real estate agent/broker and other parties to the transaction. Upon completion of this course, the student will learn which properties qualify under Section 1031 and how to use the various types of 1031 exchanges to enhance the client’s position in the investment real estate market.

Learning Objectives

Upon completion of this module the student will.

  • Be able to identify motivated buying and selling clients.
  • Know the attributes of qualified and non – qualified products and how they can be of benefit to the sales process.
  • Be able to identify the restrictive rulings of the 1031 exchange program.
  • Know how money can be accumulated using pre – tax dollars, accumulate interest on a tax – deferred basis, and create litigation protection.
  • Know charitable strategies of creating income and tax relief for individuals or families owning highly – appreciated real estate.
  • Know about Charitable Gift Annuities, and the annuity payments, income benefits and tax advantages associated with them.
  • Know the parameters that the IRS uses to define a valid like kind exchange.
  • Know the pros and cons of various exchanging alternatives.
  • Know the mechanics of a successful tax – deferred exchange and the role of each party in those exchanges.
  • Be familiar with exchange documentation and the role of a qualified intermediary.
  • Understand what constitutes “boot” and how to deal with it.
  • Know how to calculate whether a sale is to be preferred over an exchange.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes – There is a quiz at the end of each lesson to test comprehension of the subject matter.

Final Exam – Passing Grade 70%. You can take the final three times.

About The Subject Matter Expert

Course designed, written and maintained by 360Training. Course material questions can be directed to our Instructor of Record at Instructor.RE@360Training.com. Instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

Support

If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

4 $40

APPROVED FOR:

  • 4 HOURS CE CREDIT

Course Description:
This course provides an introduction to residential real estate finance, including information on the underwriting process for FHA, VA, FNMA & FHLMC loans. In this course the student will learn the basics of the different types of loans available and the advantages and disadvantages of each; loan applications; appraisals; escrow; titles; and credit reports, including qualifying for loan amounts and verifying income and assets.>br> The student will also learn how to calculate loan amounts, estimate monthly payments from property taxes, hazard and mortgage insurance, qualifying ratios and income.

LEARNING OBJECTIVES:

  • Understand the basic concepts of real estate financing, and the key terms involved
  • Know how to qualify a buyer for the most common types of loans
  • Be familiar with the use and function of escrow accounts
  • Know what a Mortgage Insurance Premium is
  • Know the underwriting guidelines and process
  • Be familiar with the three most common types of loans: Conventional, FHA and VA
  • Know the advantages and disadvantages of conventional loans
  • Know how to use conventional qualifying ratios
  • Know the advantages and disadvantages of FHA loans
  • Know about the differing FHA qualification ratios
  • Know the advantages and disadvantages of VA loans
  • Be familiar with VA eligibility and qualification periods
  • Be able to calculate the amount of VA entitlement used
  • Be able to calculate VA loan amounts and required down payments
  • Know the process and qualifications for assuming VA and FHA loans
  • Be familiar with other types of loans available
  • Know how to underwrite and close loans

TOPICS COVERED:

  • INTRODUCTION
  • Lesson 1: Introduction
  • Lesson 2: Conventional Loans
  • Lesson 3: FHA Loans
  • Lesson 4: VA Loans
  • Lesson 5: The Nuts and Bolts
  • Lesson 6: Case Studies

REGULATORY REQUIREMENT:
Please see the state/regulatory requirement from the course catalog page.

SEAT TIME:
This course has been approved for 4 hours.

COURSE PRE – REQUISITE:
N/A.

TESTING:
Quizzes – All quizzes must be taken to proceed forward to the next lesson.
Final Exam – You will be required to take a final exam.

COURSE COMPLETION:
Print your certificate and provide a copy for your broker as evidence of completing the course. Retain a copy of the certificate for your records.

ABOUT THE SUBJECT MATTER EXPERT:

John Goehrs was born and raised in Austin, Texas. He attended Austin College in Sherman, Texas, where he earned a double major B.A. in Business and Political Science in 1982. In 1983, Mr. Goehrs became a licensed real estate salesman, then a licensed Texas real estate broker in 1985. That same year, he began a legal career at South Texas College of Law in Houston, Texas, where he earned a Doctorate of Jurisprudence in May, 1987, with licensing by the State Bar of Texas in 1989. Next, he established a solo legal and real estate company in Austin, Texas and then relocated to Coldspring, Texas, selling resort property on Lake Livingston while re – establishing a solo legal practice in real estate, contracts and collections, as well as assisting local appraisers. In 1995, he formed Goehrs Properties, which currently encompasses 2 offices with 6 agents and is ranked in the top 150 of 1400 member firms in the Houston Association of Realtors. In May 2003, he returned to Austin to expand his legal career and joined 360Training, where he imparts his expert legal and real estate practitioner knowledge in the development of the 360Training Real Estate suite of products.

4 $49

PROPERTY MANAGEMENT.

Course Category: Real Estate.

Course Description:

.

Property management is a special category of real estate work. The term “property management” generally refers to the group of services which an owner hires a professional property manager or management firm to perform. The quality of management directly affects the profitability of the property being managed. A skilled property manager thus protects the owner’s capital investment in real estate and makes sure that the property generates profit. In many cases, property managers must be licensed real estate brokers. We will cover a property manager’s basic functions, including administrative duties, leasing practices and the manager’s legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner clearly understand one another’s roles. Licensees will benefit from understanding the various types of property management, as well as the duties that successful property managers must perform.

Upon completion of this module, the student will be able to:

  • Describe the purpose and the various kinds of property management
  • Outline the manager’s legal relationship with the owner
  • Identify the day – to – day tasks of the property manager
  • Describe effective ways for a property manager to interact with tenants and potential tenants
  • Recognize the various types of leases and leasing procedures
4 $40

LIENS, TAXES AND FORECLOSURES.

Course Category: Real Estate.

Course Description:

.

This course discusses liens, taxes and foreclosures. There are many types of liens as well as several kinds of taxes that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lien – holders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real state licensees develop an in – depth understanding of liens and lien – related issues. Such knowledge also helps licensees to better advise buyers and sellers.The first lesson presents a general overview of liens, explains the classification of liens and discusses the types of non – tax liens. We then discuss taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes, and tax shelters for homeowners and investors. We also include a discussion about the priority of liens and the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure, and scams related to foreclosure.

Upon completion of this course, the student will:

  • Be able to define the terms lien and tax lien and understand their operation.
  • Recognize the different types of liens and know how their priority is established.
  • Be able to identify and describe types of non – tax liens.
  • Understand how ad valorem taxes and special assessments are levied.
  • Know how homeowners and investors can save on federal income taxes and capital gains taxes through the use of tax shelters.
  • Be able to describe and list different types of foreclosures.
  • Recognize alternatives to foreclosure and common scams related to foreclosure.
3.5 $35

Course Category: Real Estate

APPROVED FOR:

  • 3.5 HOURS CE CREDIT

Course Description:
This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.

LEARNING OBJECTIVES:

  • Understand the development of home inspection in the inspection business
  • Appreciate an inspector’s role at closing in residential sales transactions
  • Know the tools needed and conduct expected in the field
  • Distinguish various field report styles and know the benefits and drawbacks to each
  • Understand an inspector’s professional liability
  • Recognize the steps in the examination process
  • Identify common misconceptions about home inspection
  • Value membership to a reputable, non – profit home inspection organization
  • Know the extent of home inspection legislation
  • Appreciate the different ways states regulate the home inspection industry

    TOPICS COVERED:

    • LESSON 1: The Role of Home Inspection
    • LESSON 2: In the Field
    • LESSON 3: The Inspection Process
    • LESSON 4: Common Misconceptions of Home Inspection
    • LESSON 5: Professional Standards
    • LESSON 6: Home Inspection Legislation

    REGULATORY REQUIREMENT:
    Please see the state/regulatory requirement from the course catalog page.

    SEAT TIME:
    This course has been approved for 3 hours.

    COURSE PRE – REQUISITE:
    N/A.

    TESTING:
    Quizzes – All quizzes must be taken to proceed forward to the next lesson.
    Final Exam – You will be required to take a final exam.

    COURSE COMPLETION:
    Print your certificate and provide a copy for your broker as evidence of completing the course. Retain a copy of the certificate for your records.

    ABOUT THE SUBJECT MATTER EXPERT:

    This course is created and brought to you by 360Training, a leading provider of accredited e – learning courses to working professionals through today’s leading schools, associations and corporations. 360Training’s high quality e – learning courses assist thousands of working professionals each month in a wide range of disciplines to succeed in today’s marketplace, renew licenses, acquire certification or prepare for a new profession.

    This course was created by the instructional design staff of 360Training in connection with field professionals that bring many years of experience in adult educational theory and distance learning technology to make the process of certification, compliance and training as convenient, engaging, and cost – effective as possible.

    If you have any requests for technical or instructional support, please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately and instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

3.5 $35

All Americans have the right to attempt to purchase, rent, or finance housing for themselves in the location of their choosing, regardless of their gender, religion, handicap, color, race, national origin or familial status. To help ensure that no one is deprived of this right, Congress passed the federal Fair Housing Act in 1968. This Act prohibits unethical discrimination by those who rent, sell and finance residential real estate. This module discusses the federal Fair Housing Act, as well as other anti – discrimination laws that directly affect the real estate industry and the financing of real estate. Upon completion of this course, you will understand the legislation, its purpose, and importance. You will also be familiar with the penalties for violating such statutes and have a better understanding of how you can avoid unethical discrimination in your everyday conduct.

Initially, this module will introduce the federal Fair Housing Act, explaining the groups of people whom it covers and the various wrongs against which the law is meant to protect. In addition, we will discuss the meaning of discrimination and the existence of certain exemptions to the law. After detailing the Fair Housing Act, this course will move on to other relevant statutes, such as the federal Equal Credit Opportunity Act and the Americans with Disabilities Act.

This module concludes with a real estate practice lesson that will present you with various case studies. Using the information you have gained from this course, this final lesson provides you with an opportunity to decide how to handle the common predicaments that often face those providing brokerage services. .

Learning Objectives

  • Explain the purpose of the federal Fair Housing Laws and be able to identify the protected classes covered by the Fair Housing Act.
  • Name the seven activities considered illegal as a result of the Fair Housing Laws.
  • Identify the five exemptions from the federal Fair Housing Laws for property owners.
  • Recognize discrimination in real estate practice.
  • Identify acts considered discriminatory under the Fair Housing Act of 1968 as amended in 1972 and 1988.
  • Recognize the purpose of the federal Equal Credit Opportunity Act (ECOA) and know the classes it protects.
  • Describe the purpose of the Americans with Disabilities Act (ADA).
  • Outline how the ADA affects real estate practice.
  • Describe how fair housing complaints are handled.
  • List the penalties for non – compliance with Fair Housing Laws.
  • Sketch various ways a broker might incorporate business practices designed to prevent discriminatory practices.
  • Explain the purpose of the HUD/NAR Partnership and why it is important.
  • State the basic principle that should guide licensees in following HUD’s Advertising Guidelines.
  • Identify acceptable and unacceptable words and phrases for use in advertisements.
  • Describe how to apply the practices that help a licensee show that he or she does not discriminate.
4 $49

Course Category: Real Estate

Course Description:
This course is designed to increase your knowledge about expanding environmental issues and laws that have an impact on environmental problems. This course identifies the procedures used to locate toxic waste sites, the responsibilities for clean up and steps that may be taken to minimize future liabilities.

While real estate agents are not expected to be environmental experts, the same disclosure rules apply as to other facts about a property. That is, if environmental information is known to the sales agent and it would affect a prudent purchaser’s decision to buy, it must be disclosed. Because of this, licensees should be familiar with the nature of these problems as well as the laws and regulations that are intended to protect both the consumer and the environment.

LEARNING OBJECTIVES:

  • Identify recent laws that have an impact on environmental problems, including lead disclosure laws
  • Identify the procedures used to locate toxic waste sites, the responsibilities for clean up and steps that may be taken to minimize future liabilities
  • Explain the nature of major air pollutants and remedies that may be applied to minimize the effect
  • Explain a landowner’s responsibility for the protection of designated wetland areas
  • Identify the protections afforded endangered species by landowners and when land development is undertaken
  • Explain the nature of electromagnetic forces and a possible need for testing
  • Explain the current status of environmental laws and its affect on property insurance and mortgage lending

TOPICS COVERED:

  • INTRODUCTION
  • LESSON 1: Environmental Issues
  • LESSON 2: Principal Environmental Problems
  • LESSON 3: Lead Poisoning and Indoor Air Pollution
  • LESSON 4: Hazardous Gas
  • LESSON 5: Toxic Waste Sites
  • LESSON 6: Wetlands Protection
  • LESSON 7: Endangered Species Protection
  • LESSON 8: Underground Storage Tanks (UST)
  • LESSON 9: Water Damage
  • LESSON 10: Mold
  • LESSON 11: Environmental Site Assessment
  • LESSON 12: Contamination
4 $40

Course Category: Real Estate

Course Description:

.

A deed is one of the most common instruments of title conveyance and all real estate professionals need a clear understanding of a deed’s use and purpose.

Upon completion of the course, the student will be able to.

  • List the general requirements of a legally enforceable contract
  • Describe the difference between title and deed
  • Explain the basic use and purpose of deeds
  • .

  • Identify the required elements of a deed
  • Recognize the different types of deeds and identify what type of deed should be used, depending on the quality of estate and condition of title to be transferred
  • Distinguish between the role of a real estate professional from the role of a licensed attorney
  • Understand law pertaining to title conveyance
2 $20

This module is designed as a 3 – hour course to educate students on ethics in the real estate industry. The student must pass a comprehensive final exam to receive credit for the module.

Because real estate agents usually work and specialize in local communities, they tend to build rapport very quickly. To build reputable associations, agents should win the trust and respect of the people they work with by adhering to the highest morals and ethical practices, thus ensuring client loyalty.

This course introduces you to some of the general ideas and theories that help apply the concept of ethical judgment. This provides a background for a detailed discussion of professional real estate ethics that is framed in terms of the NAR® Code of Ethics. In this module, we will frequently refer to the NAR® Code of Ethics as “the Code of Ethics” or simply “the Code.

As the student completes this module, he or she should try to develop a broad perspective of ethics in real estate and how this translates into the overall goal of professionalism. The last lesson will help with this objective by presenting comprehensive content questions and case studies.

Learning Objectives

  • Describe Plato’s ethical theory.
  • Recognize the significance of classical ethics.
  • State the definition of multiple ethics terms.
  • Explain the difference between a value judgment and an opinion.
  • Outline the three most popular theories of modern ethics.
  • Distinguish between morality and ethics.
  • Apply the theories of ethics to real life scenarios and problems.

5 quizzes

2 versions of the final exam

6 $60

This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer – and seller – clients from the initial meeting, through the closing proceedings with basic financing and loan – qualification questions.
In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.

Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.

4 $40

Asset Management is the term used for the decision – making process involved in maximizing returns on real property investments. This process includes such decisions as whether or not to renew a lease for a tenant, purchase or lease more assets, improve, sell or rent one’s current assets, etc. The asset manager must be aware of market trends and indicators and must be able to accurately predict the cash inflows and outflows of his or her own holdings. This course provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle distressed properties and how to successfully market a revenue – increasing strategy.

The course ends with case studies and real world practice, which will aid the student in becoming confident and familiar with the various aspects of asset management.
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3 $40

Course Category: Agency Law

Course Description.

The undertaking of real estate transactions is a complex endeavor. Expertise is needed by buyers and sellers of real property in order to assure that profits are maximized while losses are minimized, both of these ends being realized in legal and ethical ways. To gain this expertise, it is common, if not necessary, for buyers and sellers to enter into relationships with those who have expertise in real property issues-namely, you.

A variety of relationships exist in real estate transactions and they are designed to serve the different means and degrees to which buyers and sellers are represented. These distinct relationship categories are borne of agency law.

Course Learning Objectives

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Upon completion of this module, you will be able to.

  • Explain how agency is created and the various agency relationships that exist.
  • Understand the relationship between real estate brokers and their affiliated licensees regarding agency.
  • Discern the differences between the real estate licensees fiduciary duties to clients and their six general duties to customers.
  • Recognize disclosure requirements of a licensee acting as a principal.
  • Explain how “offer of cooperation and compensation” solves agency issues when multiple listing associations are involved.
  • Describe how “vicarious liability” and “imputed knowledge” can be applied to agency relationships.
  • List the services a licensee may provide to a party without causing an agency relationship to be formed.
  • Explain why “agreement to pay compensation” will not necessarily create an agency relationship.
  • Engage in ethical behavior with sellers and buyers.
4 $40

Course Category: Real Estate

The objective of this course is to enlighten the participant in the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the §1031 exchange for the investor, licensed real estate agent/broker and other parties to the transaction. Participants will learn exactly what qualifies under Section 1031 and, furthermore, how to utilize the various types of §1031 exchange formats to enhance their clients’ position in the investment real estate market. Real – life examples will be used to illustrate the important procedural issues as well as the IRS Rules and Regulations.

3 $30

Titles and Records.

Course Category: Real Estate.

Course Description: .

Recording real property documents in the public record gives the public access to information they may need in order to clarify the condition of the title to a property. The simple process of recording helps trace the history of the title by tracking past and current owners of the title as well as any previous liens and encumbrances placed on the title. The act of recording real property documents allows grantors to warrant grantees a valid deed conveyance and smooth purchase transaction and to provide proof of ownership in case any future complications arise. This course includes the following lessons.

  • Public Records and Recording
  • Titles
  • Title Transfers
  • Real Estate Practice

The terms title and deed do not mean the same thing; therefore, individuals cannot use the terms interchangeably. The title refers to ownership of a property or parcel of real estate whereas the deed refers to the document that transfers the ownership property from the grantor to the grantee. This course will explain the process of recording, give examples of public records and describe the different deeds of conveyances. The different lessons in this course work together to help grantors and grantees avoid any future complications concerning the ownership rights to a property or resolve any disputes that arise.

LEARNING OBJECTIVES

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Upon completion of this course, the student will:

  • Understand the process of recording
  • Recognize different types of public records
  • Know the methods of property conveyance
  • Recognize the difference between constructive and actual notice
  • Be able to identify evidence of titles.
  • Be able to explain title insurance and coverage
  • Recognize the different types of property ownership
  • Be able to differentiate between the various types of deeds
3 $30

Our real estate CE courses meet the requirements of the Minnesota Department of Commerce.

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